SHIPPING & TRANSPORTATION NEWS
Retailers Getting Lean with PartnerShip
PartnerShip recently had the opportunity to co-facilitate a webinar with our sister company, NACSCORP. The webinar, 99% Fat-Free Business: Get Lean by Reducing Sourcing & Logistics Costs, was for the benefit of college stores and retailers looking to get more efficient with their inbound and outbound sourcing and logistics. Polly Myers, Program Manager with PartnerShip, and Kevin McNamara, Sales Manager with NACSCORP were the “dietary consultants” presenting the material.
On the sourcing side, Kevin talked about getting on the scale to assess where opportunities exist for sourcing efficiencies. These include determining time spent per purchase order, investigating labor costs, estimating average order sizes, analyzing inbound freight expenses, and understanding the impact of returns and credits. Some good lean sourcing practices discussed by Kevin include:
- Effectively deploy and use POS systems
- Consolidate inbound orders to ease store burden
- Analyze returns to improve buying habits
On the logistics side, Polly talked about reducing shipping expenses by using a number of lean logistics techniques. Supported with numerous real-life examples, Polly discussed each of these techniques in some detail:
- Determine your current freight rates
- Use PartnerShip to negotiate better LTL freight pricing
- Consolidate your orders for lower shipping rates
- Select the correct mode and service level
- Optimize your inbound shipping with vendors
- Consolidate invoicing to reduce administration
While the webinar focused on college stores, PartnerShip can help all retailers with their sourcing and logistics needs. Our customized solutions are built to reduce your costs and help your business succeed. If you’re interested in a replay of this webinar, or in any of the topics discussed, just let us know at ship.PartnerShip.com/learnmore.
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